Professor of Economics at Harvard University Kenneth Rogoff: The Fed’s Communication Breakdown
Nothing describes the United States Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee. Various members of the Fed’s policy-setting Federal More...
Harvard Professor Martin Feldstein: Chile’s Uncertain Future
When I was in Chile earlier this month, I was impressed by the contrast between the palpable success of its long-standing free-market policies and the current agenda of its leftist president, Michelle Bachelet. More...
The Industries With The Most Self-Employed Workers
14.6 million Americans were self-employed in 2014 and they in turn provided jobs for 29.4 million others, according to Pew Research. Those 44 million jobs represents 30 percent of the national workforce. More...
Former Chairman of Morgan Stanley Asia Stephen Roach: The Wrong War for Central Banking
BEIJING – Fixated on inflation targeting in a world without inflation, central banks have lost their way. With benchmark interest rates stuck at the dreaded zero bound, monetary policy has been transformed More...
Israel Debt Risk Rises Most in 14 Months as Violence Increases
The deteriorating security situation in Israel and the impact it may have on economic growth has led to the second-biggest surge in credit risk this month among developed nations. Israel’s credit-default swaps, More...
Saudi Arabia Could Be Bankrupt Within Five Years, IMF Predicts
Saudi Arabia’s cash reserves are in free-fall and the country could have only five years of financial assets remaining due in large part to the fall in oil prices, according to a report by the International More...
Allianz SE Talks About Bill Gross’s $200 Million Case
German insurer firm Allianz SE (ADR)(OTCMKTS:AZSEY) stated that a lawsuit filed by renowned bond investor and ex-employee Bill Gross over his dismissal from its asset management unit known as Pacific Investment More...
Is The 40-Hour Work Week Really Productive?
Americans say a work day lasting 7 hours or less is most productive, according to a recent poll from YouGov. In total, 52 percent of those polled felt the most productive length of a day in the office More...
Deputy Governor of the Bank of England Howard Davies: The Trouble With Financial Bubbles
Very soon after the magnitude of the 2008 financial crisis became clear, a lively debate began about whether central banks and regulators could – and should – have done more to head it off. The traditional More...
Poverty can end in 15 years: World Bank
President John Dramani Mahama and the President of the World Bank Group, Dr. Jim Yong Kim have jointly launched a report dubbed “Poverty in a Rising Africa” at Mantse Agbonaa in Accra. It also More...